Crypto

Fort Worth Becomes First US City to Mine Bitcoin

Crypto mining requires cheap energy and space. Texas has both.
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Fort Worth Becomes First US City to Mine Bitcoin

Fort Worth city council leaders unanimously approved a bitcoin mining operation using machines donated by the Texas Blockchain Council. The program will use three S9 mining machines 24 hours a day, seven days a week. The city estimates energy consumption compared to a household vacuum for each device, generating about $0.78/ea a day in cryptocurrency.

Moving forward. Lawmakers will evaluate the program in 6 months. Proponents of the plan say they have been considering the future of their economy since the financial crisis in 2008.

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